crypto support resistance Archives - Coin Engineer

BNB Approaches Critical Resistance: Holding Above $620 Could Target $640

Yigit Taha OZTURK — Thu, 08 May 2025 18:45:43 +0000

All eyes are back on BNB as the popular altcoin approaches a critical resistance zone at $620. According to technical analysis, if BNB manages to hold above the $620 level on the 4-hour chart, the next upward target lies in the $640 – $644 price range.

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This breakout could indicate a continuation of bullish momentum, especially if backed by strong trading volume. Sustained movement above this level may confirm renewed strength among buyers.

If $620 Support Breaks, FVG Zone Between $613 – $604 Comes Into Play

On the flip side, $620 now acts as a key support level. If BNB fails to hold this level, the next support is found in the $613 – $604 range — a region identified as an FVG (Fair Value Gap) zone.

BNB/USDT pair 4-hour chart.

This FVG zone is considered a potential rebound area where short-term corrections could find buying interest and lead to another bullish attempt. Traders are closely watching this region as it may define BNB’s short-term direction.

The coming sessions will be crucial in determining whether BNB can break out or retrace from these levels.

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SUI At A Critical Support Zone: Is A Drop Imminent?

Yigit Taha OZTURK — Sun, 04 May 2025 18:00:47 +0000

SUI is currently trading at a highly sensitive level of $3.21, which is considered a critical support zone. If this level is lost, the price may retreat to the support range between $2.84 – $2.70 in the short term.

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According to technical analysis, a breakdown below this zone could trigger a deeper correction. This area has historically acted as a strong demand zone, and investor interest may intensify once again. However, the current weakness indicates that downward pressure still dominates.

SUI/USDT pair daily chart.

Strong Upside Rebound Also Possible

On the other hand, if SUI receives a strong bullish reaction from the current region, a sharp move toward the $3.83 resistance level could be on the table.

Should the price break through this resistance, higher targets may be pursued in the medium term. For this scenario to play out, an increase in trading volume and a rise in overall market risk appetite are required.

Clearly defining support and resistance zones is crucial for investors when building entry and exit strategies in volatile altcoin markets.

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CRV Technical Analysis: 35% Surge After Breaking Downtrend

Yigit Taha OZTURK — Tue, 15 Apr 2025 11:00:19 +0000

In our previous analysis, we noted that Curve DAO Token (CRV) was in a critical descending trend structure. This formation had been suppressing the price for a considerable time, creating a bearish pressure on the market. However, once this trendline was broken to the upside, it signaled a significant move.

35% Rally Following Trend Break

After the breakout, CRV achieved a notable 35% price increase. This bullish momentum helped the price reach our initial target at $0.60, which was clearly identified in the previous analysis.

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Following a successful break above $0.60, the bullish momentum continued, and the price climbed as high as $0.67. However, this level triggered some profit-taking, leading to a short-term pullback.

Current Outlook: $0.60 Is the Key Level

Currently, CRV is attempting to reclaim the $0.60 level. This price zone acts as a critical support/resistance flip level, both technically and psychologically.

If CRV successfully reclaims and holds above $0.60, the price could resume its upward trajectory toward the $0.67 resistance.
However, if it fails to maintain this region, a correction down to $0.50 could come into play.

CRV/USDT pair 4-hour chart.

CRV is now at a pivotal zone. The $0.60 level will likely determine the short-term direction of the market. Holding above it could trigger another bullish wave, while a breakdown may open the door to a deeper correction. Traders should consider refining their stop-loss and take-profit strategies based on this critical level.

The post CRV Technical Analysis: 35% Surge After Breaking Downtrend appeared first on Coin Engineer.

Solana and Sui Technical Outlook: Critical Levels in Play!

Yigit Taha OZTURK — Tue, 08 Apr 2025 18:00:18 +0000

Solana had dropped to the $95 level after losing the $110 support. Currently, it is trying to regain that key $110 level. If the level is reclaimed, the next target would be the $120-$126 region.

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If this area is also broken and confirmed as support, we could see a further move towards $140. On the other hand, if the $110 support is not regained, there is a possibility of a pullback towards the $95 region once again.

SOL/USDT pair daily chart.

Sui Technical Analysis

Sui is currently located within a bearish Fair Value Gap (FVG) zone. If we see a sharp rejection from this area, the price may decline back towards the $1.70 – $1.65 region.

On the other hand, if the level is broken and reclaimed with strength, we may see a move towards $2.50.

SUI/USDT pair daily chart.

The post Solana and Sui Technical Outlook: Critical Levels in Play! appeared first on Coin Engineer.

Critical Levels in the Crypto Market: JUP, TIA and LDO Technical Analysis!

Yigit Taha OZTURK — Tue, 08 Apr 2025 16:30:29 +0000

As the cryptocurrency market regains momentum, several altcoins are drawing attention with their technical setups. In this article, we analyze the key technical levels and potential scenarios for JUP, TIA, and LDO.

JUP Technical Analysis

JUP is currently trading within a significant bearish Fair Value Gap (FVG) zone. This zone could act as a critical resistance area for the price. If the price receives a sharp rejection from this level, it could increase selling pressure and lead to a potential decline toward the $0.30 support.

On the other hand, if we do not observe any bearish movement within the FVG zone and the price breaks above it, bullish momentum may increase. In such a case, we could see an upward move toward the $0.40 level.

TIA Technical Analysis

TIA recently reclaimed the $2.35 support level, leading to a solid upward move. After this bounce, the price appears to have faced resistance from a bearish FVG zone.

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In the event of a pullback, the bullish FVG zone formed during the recent upward move will serve as the first support level. With support from this zone, the price may make another attempt toward the $2.60 level.

LDO Technical Analysis

LDO is currently holding at the $0.67 support level, which is critical. If LDO closes below this level on the daily chart, the downward movement could intensify, possibly pushing the price toward the $0.575 level.

However, if the price finds support at $0.67 and begins to move upward, the first target will be the FVG zone formed during the last decline. A break above this zone could increase bullish momentum and carry the price toward the $0.87 resistance. If a rejection occurs at this level, the price could once again return to the $0.67 support.

The post Critical Levels in the Crypto Market: JUP, TIA and LDO Technical Analysis! appeared first on Coin Engineer.

Bitcoin Technical Analysis: Testing Critical Support

Yigit Taha OZTURK — Mon, 07 Apr 2025 11:30:58 +0000

Bitcoin continues to follow its downtrend on the daily chart, pulling back into the critical bullish Fair Value Gap (FVG) zone. This area will be decisive for the continuation of any upward movement.

If this FVG support breaks down, the bitcoin price could drop further towards 66,852$. On the other hand, a reaction from the 73,462$ support could fuel a strong upside move.

Key Reaction Zone: 73,462$ Support!

A solid bounce from 73,462$ could reignite bullish momentum. Holding above this level may trigger recovery, pushing bitcoin toward higher resistance zones.

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Should a confirmed breakout from the downtrend occur, bitcoin may quickly target the 84,000$ resistance, a key psychological and technical level.

BTC/USD pair daily chart.

Right now, bitcoin is at a decision point. Either the price holds and reverses upward, or we witness a deeper correction.

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ENA at a Critical Resistance: Will a Breakout Occur?

Yigit Taha OZTURK — Tue, 25 Mar 2025 16:30:17 +0000

ENA has faced rejection from the bearish FVG (Fair Value Gap) zone on the 4-hour chart, indicating continued selling pressure. For ENA to resume its upward momentum, it must reclaim this zone. Otherwise, the price may retest lower support levels.

The most critical support level right now is $0.397. This area could act as a strong demand zone where buyers step in, potentially pushing the price higher. If ENA holds this level, a move back toward the FVG zone could be seen. However, losing the $0.397 support could trigger further downside.

Possible Scenarios for ENA

In a bearish scenario, breaking below $0.397 would bring $0.38 into focus as the next key support. If this level fails to hold, selling pressure could intensify, leading to a deeper correction. Thus, $0.38 is a critical level in a potential downward move.

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On the other hand, if ENA finds strong buying pressure at $0.397, a bounce toward the FVG zone is likely. A successful breakout from this zone would increase bullish momentum, potentially pushing ENA toward the $0.46 – $0.48 resistance range. A confirmed breakout above this area could signal a stronger uptrend.

ENA/USDT 4-hour chart.

The $0.397 level remains a crucial support zone for ENA. Holding this area could lead to a potential recovery toward FVG and possibly higher resistance levels. However, a breakdown could trigger a drop toward $0.38, increasing the risk of further downside.

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BNX Gained Hugely! Is a Correction Imminent?

Yigit Taha OZTURK — Mon, 17 Mar 2025 13:30:17 +0000

Since our previous analysis, BNX has managed to close a daily candle above the upper bearish FVG (Fair Value Gap) zone. Following this move, the price made a retest of this region and wicked up to the $2.00 level. After this rise, BNX is now attempting to stabilize at key levels.

Current BNX Price Action

At the moment, the $1.70 level stands out as a significant short-term support zone for BNX. If the price manages to hold daily closes above $1.70, it would be a positive sign for the continuation of the uptrend. In such a scenario, we may see another move towards the $2.00 resistance area.

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However, if BNX closes below the $1.70 level on the daily timeframe, it could indicate a bearish shift in the short term. This might lead to a further retracement towards the $1.60 support zone.

Possible Scenarios

If BNX holds above $1.70: The uptrend may continue, with the next target being the $2.00 resistance region.
If BNX closes below $1.70: We might see a pullback towards the $1.60 support level. This area could be monitored for potential buying opportunities.

BNX/USDT daily chart.

In the short term, BNX is consolidating between $1.70 and $2.00 levels. A breakout from this range will provide a clearer directional bias. Traders should closely monitor these critical support and resistance zones for potential short-term opportunities.

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CAKE in Critical Zone: Will the Downtrend Be Broken?

Yigit Taha OZTURK — Fri, 14 Mar 2025 13:00:55 +0000

CAKE continues to move within a descending trend line on the 4-hour chart. With recent volatility in the crypto market, investors are closely watching CAKE‘s price action. Reaching key levels, CAKE appears to be at a decision point that could determine its next direction.

Currently, CAKE is trading around $1.60, positioned close to its descending trend line. If CAKE manages to break above this trend and pushes past the $1.68 resistance level, a strong upward move could be initiated. Breaking through $1.68 would set the next target at $1.80, a level that has previously acted as a significant resistance. Should CAKE sustain a move above $1.80, the next upside target would be in the $2.00 range, potentially triggering further bullish momentum.

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On the other hand, failure to break the descending trend and renewed selling pressure could expose CAKE to downside risks. The first key support level to watch is at $1.56. If this level fails to hold, the price could retreat toward the next major support zone at $1.45. The $1.45 area is expected to attract buyers and may act as a critical defense level.

CAKE/USDT pair 4-hour chart.

At this stage, CAKE presents potential opportunities for short-term traders. Both bullish and bearish scenarios hinge on how the price behaves at these critical zones. Investors are advised to closely monitor these support and resistance areas before making trading decisions.

The post CAKE in Critical Zone: Will the Downtrend Be Broken? appeared first on Coin Engineer.

Pi Coin Approaches Critical Regions! Will It Rise Again?

Yigit Taha OZTURK — Fri, 14 Mar 2025 10:56:54 +0000

Pi Coin, one of the notable projects in the cryptocurrency market, has once again drawn investor attention with its recent price movements. Technical formations on the 4-hour chart suggest both bullish and bearish scenarios that are worth monitoring in the short term.

Pi Coin Technical Outlook and Critical Levels

Pi Coin is currently undergoing a pullback towards the bullish Fair Value Gap (FVG) area that was formed during its last upward move. This region stands out as a key support zone where the price may find buying interest. If Pi Coin can hold this bullish FVG support, it could regain upward momentum and attempt to break through its immediate resistance levels.

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The $1.98 – $2.00 resistance zone is the first major barrier that the price needs to overcome. A successful breakout above this level could open the door for a move towards the higher bearish FVG zone, which would likely bring stronger buying momentum in the short term.

On the downside, if Pi Coin loses its current bullish FVG support, there is an increased risk of a decline towards the $1.28 – $1.25 support range. This area is considered a critical level where the price could attempt to stabilize and find new demand.

In the broader market context, Pi Coin’s price movements are influenced by major cryptocurrencies like Bitcoin and Ethereum. Therefore, investors should pay attention not only to technical levels but also to overall market sentiment and conditions.

PI/USDT 4-hour chart.

Price behavior around the FVG zones will be crucial for determining Pi Coin’s short- and medium-term trend. Changes in trading volume during support and resistance tests can provide important signals regarding the direction of the next move.

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